Pure Multi-Family REIT LP PMULF

RE:RE:RE:RE:buyout offer - no thanks

[pierrelebel]

"The Special Committee and the Board, with advice from its financial and legal advisors, concluded that the Revised Proposal (US$ 7.59) remains inadequate."

What happens from here?  What choices do unitholders have?

1) If one expects Electra to increase its offer, one should hold

2) if one expects someone else to come with an offer at a higher price, one should hold

3) if one expects Electra to walk away following the rejection of the offer by the board of directors, then one should expect the units to return to the Cdn$ 7.50/$8.00 trading range of the last three months.

We live in a free world: unitholders have the right to elect to sell in the market or hold for the future.

Good Luck.